Tokenomics
💰 BaseAI Tokenomics 💰
The BaseAI token ($BASEAI) serves as the backbone of the BaseAI ecosystem, facilitating transactions, incentivizing participation, and supporting the platform's growth and development. The tokenomics are designed to ensure a sustainable and thriving economy while promoting the adoption and utility of the BaseAI platform.
🪙 Token Distribution 🪙
Total Supply: 100,000,000 $BASEAI tokens
Initial Liquidity: 100% of the total supply will be added to the liquidity pool at launch, ensuring a fair and transparent distribution and preventing any potential for token dumping or price manipulation.
Liquidity Lock: The liquidity pool will be locked for a period of 12 months, demonstrating the team's long-term commitment to the project and providing stability for token holders.
🔧 Token Utility 🔧
The $BASEAI token will have multiple use cases within the BaseAI ecosystem, including:
Access to AI Services: When the BaseAI dApp becomes available, users will need to burn $BASEAI tokens to access and utilize the various AI tools and services offered, such as text-to-image generation, video creation, and music composition.
Marketplace Transactions: $BASEAI tokens will be the primary currency for buying, selling, and trading AI-generated assets, such as images, videos, and NFTs, within the BaseAI marketplace.
Staking and Governance: Token holders can stake their $BASEAI tokens to participate in platform governance, voting on proposals, and earning rewards for their contributions to the ecosystem.
Incentives and Rewards: $BASEAI tokens will be used to incentivize user participation, such as rewarding creators for high-quality content, providing liquidity, or contributing to the community.
🌿 Sustainable Growth 🌿
To support the long-term growth and sustainability of the BaseAI ecosystem, a 5% tax will be applied to all $BASEAI token transactions. This tax will be allocated as follows:
3% for Marketing: These funds will be allocated to marketing and promotional activities, helping to raise awareness about BaseAI, attract new users, and foster adoption of the platform.
2% for Development: These funds will be used to support the ongoing development and improvement of the BaseAI platform, ensuring that it remains at the forefront of AI technology and meets the evolving needs of its users.
The 5% tax structure ensures a constant influx of resources to support the platform's growth, while also incentivizing long-term holding and reducing speculative trading.
🔥 Burning Mechanism 🔥
To create a deflationary effect and increase the value of $BASEAI tokens over time, a burning mechanism will be implemented:
AI Service Burn: When the BaseAI dApp is launched, users will be required to burn $BASEAI tokens to access and use the various AI tools and services. This means that a portion of the tokens used to pay for AI services will be permanently removed from circulation.
Burn Rate: The burn rate for AI service usage will be determined based on factors such as the complexity of the task, the computational resources required, and market conditions. The exact burn rates will be transparently communicated to the community and may be adjusted through governance decisions.
$BASEAI CA:
0xC2464FB6eDC12e4c0D3aA9B201497A27e6b7eF04
Website: https://BaseAiToken.com
Twitter: https://twitter.com/TheBaseAI
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